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20130113
20130121
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CSPAN 1
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CSPAN
Jan 13, 2013 4:15pm EST
spending was falling as a percentage of gdp was the economy was growing so fast because we had a good fiscal policy that promoted competent and economic growth. if you look at the projections today, we are projecting the retirement of the baby boom and we see more people claiming their benefits. >> i want to get to that projection. it is part of the reality that even if we cut spending in the policies we are making, as we pay the policies that are due, there are areas where spending goes up. i don't think any of us want to be saying people should not be able to collect social security benefits when they are 65. that and medicare for people who are retiring are driving aggregate spending levels. on the discretionary side, we are cutting spending. >> which is why we are baffled you haven't tackled entitlements driving our long-range projections of the cliff. speaking of those long-range projections, i look at the claims you are reducing the deficit in the long term. we have enough trouble projecting 10 quarters and the future without rejecting 10 years. but look at when you are doing an
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